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R H
  • R H
  • Chicago, IL
  • United States

TEDCRED 20+

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Why do we NOT invest effectively in the poor and marginalized so they can participate in the global economy?

Nearly half of the world's population cannot effectively participate or contribute to the global economy. Basic economic theory holds that each 'participant' in the economy is a 'unit of productivity' providing a return on investment. In other words, it's more profitable to have people working and consuming than not. Yet nations continue to allow and accept that the poor and marginalized are - to borrow from another popular phrase - 'too big to succeed'.

In my view, the (relatively) small investment in infrastructure, education, and basic healthcare in the poor and marginalized will be more than made up by their increased productivity and spending. The rich think they're rich now, just imagine the wealth created by having 3 billion more people buying their stuff? I know there are obvious problems with this: corruption, unified effort, immediate ROI, etc. - but why is this such a 'tough sell' to national leadership? They're always looking for ways to increase the tax base.

3+ billion people now contribute to the world gross productivity. What if that were doubled? To me, this is the next threshold of economic growth -bringing in those who have been left out. Yet, we don't even talk about it. What do you think?

Topics: economics society
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  • Oct 25 2012: What has been written here is right.
    So, we need to get rid of the monetary system.

    Wait!
    Wait for it. It's coming.
    All the guffaws, scorn, mocking, dismissals for such an idea.
    Some others should show up soon.
    • Oct 25 2012: Since you use the word "need" i assume that you have an alternative that is both preferable (to the majority) and practicable. To get rid of the monetary system without an alternative would literally bring the world (of men) to a standstill, and i cannot see how or why we would need that.

      So i am curious, what is the alternative?
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      Oct 25 2012: Maybe, though, in this thread we should keep our focus on RH's specific question, which was why society under-invests in increasing the labor force participation of marginalized populations.

      There are many other threads about the monetary system that are ideal for that conversation.

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